External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

<ul><li>Occidental Petroleum is a quality oil and gas operator focusing on the Permian Basin, available at a discounted price for investors</li><li>The company has undergone strategic changes, selling off non-core operations and refocusing on core assets in the Permian Basin</li><li>Occidental Petroleum has improved management and technological advancements in the Permian Basin, leading to a projected value of $100 per share by 2026</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Occidental Petroleum is a quality oil and gas operator focusing on the Permian Basin, available at a discounted price for investorsThe company has undergone strategic changes, selling off non-core operations and refocusing on core assets in the Permian BasinOccidental Petroleum has improved management and technological advancements in the Permian Basin, leading to a projected value of $100 per share by 2026This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Occidental Petroleum Corp (OXY) - Friday, Mar 29, 2024

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>In the first quarter 2024 earnings, Occidental (OXY) management displayed confidence in their operational execution and diversified asset portfolio.</li><li>OXY reported a strong start to 2024, overcoming a challenging third party outage in the Eastern Gulf of Mexico and exceeding the midpoint of their production guidance.</li><li>The revenue was driven primarily by robust production results in their oil and gas business and outperformance in their Midstream and OxyChem businesses.</li></ul>

In the first quarter 2024 earnings, Occidental (OXY) management displayed confidence in their operational execution and diversified asset portfolio.OXY reported a strong start to 2024, overcoming a challenging third party outage in the Eastern Gulf of Mexico and exceeding the midpoint of their production guidance.The revenue was driven primarily by robust production results in their oil and gas business and outperformance in their Midstream and OxyChem businesses.

Occidental Petroleum Corporation: Battleground Plant Expansion & Other Major Drivers

<ul><li>Occidental Petroleum's Q4 2023 has displayed a robust performance in recent quarters, achieving a strong free cash flow of $5.5 billion.</li><li>Significantly, this has facilitated the company in paying dividends, repurchasing common shares, and investing back into the business.</li><li>The primary driver of this achievement is accredited to technical expertise, leading-edge technologies, and innovation, showcasing the company’s operational strength.</li></ul>

Occidental Petroleum's Q4 2023 has displayed a robust performance in recent quarters, achieving a strong free cash flow of $5.5 billion.Significantly, this has facilitated the company in paying dividends, repurchasing common shares, and investing back into the business.The primary driver of this achievement is accredited to technical expertise, leading-edge technologies, and innovation, showcasing the company’s operational strength.

Occidental Petroleum Corporation: Enhanced Oil Recovery (EOR) and Growth Strategy In 2024! - Major Drivers

<ul><li>Occidental Petroleum Corporation managed to exceed analyst expectations regarding revenue as well as earnings, surpassing oil and gas production guidance by 34,000 BOE per day.</li><li>This success prompted an 11,000 BOE per day increase in the full-year production forecast.</li><li>The company further entered into a purchase agreement to acquire CrownRock L.P., an oil and gas producer based in Midland.</li></ul>

Occidental Petroleum Corporation managed to exceed analyst expectations regarding revenue as well as earnings, surpassing oil and gas production guidance by 34,000 BOE per day.This success prompted an 11,000 BOE per day increase in the full-year production forecast.The company further entered into a purchase agreement to acquire CrownRock L.P., an oil and gas producer based in Midland.

Occidental Petroleum Corporation: Midstream Business Exceeds Expectations – What's Behind the Success? - Major Drivers

Fundamental Short Selling Research

Eric Fernandez, CFA

TwoRiversAnalytics

<ul>
<li>Atkore's key products retained their unusually high prices last quarter, resulting in another strong quarter and raised guidance.</li>
<li>But key PVC prices are starting to weaken with the resumption of production in the US Gulf Coast.  Prices will fall much further.</li>
<li>Record high margins will contract meaningfully.  Estimates and valuations continue to be unrealistic leading us to maintain our short.</li>
</ul>


Atkore's key products retained their unusually high prices last quarter, resulting in another strong quarter and raised guidance.
But key PVC prices are starting to weaken with the resumption of production in the US Gulf Coast.  Prices will fall much further.
Record high margins will contract meaningfully.  Estimates and valuations continue to be unrealistic leading us to maintain our short.


United States

Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas.  The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.

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Occidental Petroleum (OXY US)

Occidental Petroleum Corp (OXY) - Friday, Mar 29, 2024

Occidental Petroleum is a quality oil and gas operator focusing on the Permian Basin, available at a discounted price for investors

Value Investors Club

Occidental Petroleum Corporation: Battleground Plant Expansion & Other Major Drivers

In the first quarter 2024 earnings, Occidental (OXY) management displayed confidence in their operational execution and diversified asset...

Baptista Research

Occidental Petroleum Corporation: Enhanced Oil Recovery (EOR) and Growth Strategy In 2024! - Major Drivers

Occidental Petroleum's Q4 2023 has displayed a robust performance in recent quarters, achieving a strong free cash flow of $5.5...

Baptista Research

Occidental Petroleum Corporation: Midstream Business Exceeds Expectations – What's Behind the Success? - Major Drivers

Occidental Petroleum Corporation managed to exceed analyst expectations regarding revenue as well as earnings, surpassing oil and gas production...

Baptista Research

Atkore Inc (ATKR): Stay Short

An Atkore short provides great opportunity created by a spike in product prices which will be resolved over the coming quarters. Estimates and...

Eric Fernandez, CFA

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